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Posted on Jul 29, 2024

You will receive $ 2 0 , 0 0 0 in one year when you finish the job in one year from now. You plan

You will receive $

20, 000

in one year when you finish the job in one year from now. You plan to invest this at an annual interest rate of

4.5

percent, compounded annually. How much money will you have

8

years from now?

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